Twitter and Musk Continue Fight Over $7.75 million Whistleblower Payout
Twitter’s lawyers deny Musk’s claim that six-figure severance violated $44 billion merger agreement.
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White House Seeks to Widen Restrictions of U.S. Chip Exports to China
The Biden Administration will publish new rules codifying the ban of high-end chip and machinery exports from producers such as Nvidia and AMD that had already been told to stop.
Bolt Scraps $1.5 Billion Acquisition of Wyre
The e-commerce software company unveiled the planned Wyre acquisition after Bolt’s revenue growth had fallen.
Patreon Lays Off Part of Security Team
The startup says the layoffs, affecting five employees, are due to a strategic shift in its security program.
Alphabet Leads $1 Billion Investment in Health Technology Arm Verily
Verily has also promoted president Stephen Gillett to CEO, replacing founder Andy Conrad, who will become executive chairman.
FTX Buys 30% Stake in Anthony Scaramucci’s SkyBridge Capital
The investment comes just a few months after SkyBridge suspended withdrawals from one of its crypto-focused funds in July as digital assets have tumbled.
Wistron In Talks to Partner with Tata Group to Build iPhones in India
The talks come as the Taiwanese Apple supplier looks to shore up its India business, which is operating at a loss.
Apple Considers Using Controversial Chinese Memory Supplier
The disclosure comes after an earlier study accused Yangtze Memory Technologies of being a security risk because of its ties to the Chinese military.
Meta Platforms Disbands Responsible Innovation Team
The company has cut a host of projects in recent months as it tries to rein in spending.
Coinbase Funds Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions
Crypto proponents have criticized the sanctions for targeting the underlying technology as opposed to individuals.
U.K. Prime Minister May Water Down Online Safety Bill
The proposed legislation, which aims to tackle harmful online content, has faced opposition from Conservative politicians who say the bill limits free speech.
‘1000 Unicorns:’ Venture Capitalist John Doerr on Potential of Climate Tech
On stage at the Code Conference in Los Angeles, Doerr said sustainability startups needed more support from venture capitalists.
Cost-Conscious Netflix Aims to Cut AWS Cloud Bill
Netflix has been an Amazon Web Services customer since 2009 and spends hundreds of millions annually on its services.
Kapor Capital Raises $126 Million to Invest in Underrepresented Founders
Oakland-based Kapor Capital is one of the largest Black-led VC firms.
Apple Announces First Satellite Mobile Service in the US
The emergency text service will be available on the new iPhone 14 in November.
Judge Upholds October Trial in Twitter vs. Musk
Musk can’t postpone, but he will be allowed to amend his defense to include whistleblower complaints, a judge ruled Wednesday.
Microsoft Joined $850 Million Funding Round in Travis Kalanick’s CloudKitchens
Microsoft is a rare example of an Uber investor that has also backed CloudKitchens.
Juul Agrees to Pay $483.5 Million in Settlement of Investigation into Underage Vaping
The e-cigarette maker will make the payment as part of settlement with 33 states and Puerto Rico over allegations it marketed its product to underage users.
Apple to Appeal Brazil Ban on iPhone Sales
The ban, which is due to Apple's decision not to include wall chargers in its newer smartphones, comes just before the announcement of the iPhone 14.
UiPath Shares Drop 15% After Sluggish Sales Forecast
Executives from UiPath, whose shares are down more than 70% from their IPO price, believe they can right the ship.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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